Combat Picks
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Price action, Educational content regarding trading & Crypto News

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MARKET UPDATE

With Bitcoin seasonality being once of the strongest correlation indicators around, and September closing with an overall -7%, we can expect October to be one of the strongest months of not only the year, but of this entire market cycle.

Each Bitcoin market cycle lasts on average 3-4 years, meaning we could be about to enter the final months of this cycle, with BTC highs potentially reaching as high as 6 figures.
$SXP LONG 2-3X - longer term swing position, DCA
RISK: 2%

ENTRY: 2.348 - 2.317 - 2.242 - 2.210
TARGETS: 2.57 - 2.9 - 3.5 - 4.2 - open
SL: 2.051 (daily close below)
Hong Kong Monetary Authority, Technical Whitepaper on Retail Central Bank Digital Currency - https://www.hkma.gov.hk/eng/news-and-media/press-releases/2021/10/20211004-3
If we manage to hold the 4h Breaker (≈2.14) we can see a reversal from $ADA.
$BTC volatility today is crazy. Market makers are taking all retail traders money 😒
Hope you are safe.
Let a Monday range to be formed and we will see what this week has prepared for us.
Combat Picks
$STEP LONG 2-3X OR SPOT. FTX REFFERAL FOR LESS FEES: https://ftx.com/#a=14767752 Please manage your risk !
After a steady 200% profit with 3X, $STEP is again forming a nice setup.

ENTRY: 0.8280 - 0.8005
TARGETS: 1.0845 - 1.1875 - 1.3310 - ATH
SL: 0.7575 (4h close below)
Do not miss the free setups community traders are giving in our discord.
Join now if you are not in yet https://discord.gg/eC7MeQSe
#Bitcoin Long Term Holders have added 2.35M $BTC to their stacks since their supply bottomed out in March.

In that same period, only 180k $BTC were mined.

This means LTHs have hodled 13x more coins than were produced via fresh issuance over the last 7 months.